Ann: Argonaut underwrites $3m SPP , page-7

You would hope that RCF are there for the long haul, because they would have no hope in offloading a few hundred million shares on-market in this climate.

If you are asking me if the project is getting better, well they've got to first base. They've got some money for some long lead items, but they've got a lot of steps to get to second, third and then turn for home.

But definitely promising, the key is dealing with the chinese and getting them to sign a deal. Do that and the banks will follow.

Pep